‘Cut bills to create jobs’

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Small and medium-sized businesses should not have to pay employers’ national insurance contributions, a right-of-centre think-tank will argue today.

The Adam Smith Institute says that, based on surveys by the Federation of Small Businesses and the British Chambers of Commerce, such a move would create a minimum of 500,000 jobs.

In its report Unburdening Enterprise, the institute also calls for the Government to reverse the 5.6 per cent increase in business rates introduced in April this year and urges ministers to simplify the regulatory system for SMEs, removing the need for them to hire lawyers and accountants to help them